An ethics audit is a detailed review process that helps an organization check if its actions, policies, and overall behavior are ethical and align with legal and moral standards. It’s a way for businesses to ensure they are operating in a responsible, transparent, and fair manner. Think of it like a “health check” for the … Read more
Question: Discuss some recent examples of businesses engaging in unethical practices. Classify these practices as issues of conflict of interest, fairness and honesty, communications, or business relationships. Why do you think the businesses chose to behave unethically? What actions might the businesses have taken? Answer: In recent years, numerous companies have been associated with unethical … Read more
Business ethics encompasses the moral principles and standards that govern the conduct of a business and its workforce. It involves the treatment of various stakeholders, including employees, customers, suppliers, and the community, while addressing critical issues such as fairness, transparency, corporate social responsibility (CSR), and environmental sustainability. Implications of Ethics on Business Reputation and Trust: … Read more
Subject: Entrepreneurship Business Plan Questions with Answers Group A: Very Short Questions 1. (2023 Fall Q. No. 9) Write down the common mistake associated with business planning. Answer: The common mistakes associated with business planning are as follows:i. Not having clear goals.ii. Ignoring market research.iii. Unrealistic financial projections.iv. Weak marketing and sales strategies. 2. (2022 … Read more
Businesses today encounter a multitude of ethical issues, many of which arise from evolving societal norms, regulatory frameworks, and the increasing impact of global markets. Below are some prominent ethical issues: Corporate Social Responsibility (CSR) Expectation: Society anticipates that businesses will contribute positively to communities, endorse social initiatives, and mitigate adverse environmental effects.Reality: Although numerous … Read more
The Entrepreneurial Process Starting a new business requires careful planning and execution. The entrepreneurial process helps guide individuals through the steps needed to turn their ideas into successful ventures. If I am planning to start a new business, then I follow the following entrepreneurial process: i. Idea Generation and Evaluation: This stage involves finding potential … Read more
Assessing the influence of ethics on business and society requires an examination of how ethical practices shape organizational choices, public confidence, economic outcomes, and the overall social structure. The following is a comprehensive analysis: Corporate Reputation and Trust Business Impact: Ethical conduct fosters a favorable reputation for organizations, which in turn enhances customer loyalty, employee … Read more
Entrepreneurship’s Role in Nepal’s Economic Growth Entrepreneurs play a crucial role in the economic development of a nation. Here are some of the ways in which entrepreneurs contribute to the economic development of a nation: i. Job Creation: Entrepreneurs start new businesses that need employees, creating job opportunities for people. This helps reduce unemployment and gives people … Read more
Subject: Entrepreneurship Protecting Idea and Other Legal Issues Questions With Answers Group A: Very Short Questions 1. (2023 Spring Q.NO. 6) (2019 Fall Q.NO.9) Differentiate between licensing and franchising in brief. Answer: The differences between licensing and franchising are as follows: Licensing Franchising It allows use of a brand or idea, like a logo or … Read more
Question: Explain the various causes and consequences of ethical problems in business. What are your suggestions to make ethics work in Nepalese organizations? Discuss. Answer: Ethical problems in business stem from a variety of factors and can have profound implications for organizations, their employees, and society at large. This discussion will explore the causes, consequences, … Read more